Bitcoin ETFs post record November outflows ($3.79B); nearly $900M pulled in one day as Solana ETFs gain $531M

first published 2025-11-24T02:31:37Z

NYDIG research head Greg Cipolaro says the forces behind Bitcoin’s October rally — ETF inflows and digital asset treasury (DAT) demand — reversed after a major October liquidation. That reversal produced ETF outflows, compressed DAT premiums and declining stablecoin supply, which NYDIG interprets as liquidity leaving the system and “actual capital flight.” DATs show no systemic distress yet, Bitcoin dominance has risen as capital consolidates into BTC, and NYDIG maintains Bitcoin’s long-term outlook is intact even as the cycle turns and near‑term volatility and drawdowns are likely.

AI Analysis

Facts in the summary: a major October liquidation triggered a reversal of prior ETF inflows and DAT demand, producing ETF outflows, compressed DAT premiums and falling stablecoin supply — indicating liquidity leaving the system and capital flight. NYDIG also notes no systemic distress in DATs and retains a positive long‑term outlook, while cautioning on increased near‑term volatility and drawdowns.

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